TouristDigiPay dey enable crypto payment through PromptPay

Thailand Securities and Exchange Commission (SEC) and Bank of Thailand don launch TouristDigiPay, one sandbox pilot way fit make foreign tourists convert their digital assets to Thai baht and pay crypto to merchants through PromptPay QR codes. Dem use the country strong PromptPay system to quicken digital finance plan and make tourism better with fast, no cash crypto payment. Even though direct crypto payment to merchants still get restriction, TouristDigiPay dey work as public testing place and education platform for transactions wey be stablecoin-based. Industry data show say global crypto payments market reach USD 550 million for 2024 and e go still grow reach USD 2.4 billion by 2033. Stablecoin circulation dey at USD 250 billion now and e fit increase to USD 2 trillion by 2028 because big payment networks like Visa and Mastercard dey adopt am. For Asia, Bhutan don already start government-backed crypto payment system for tourists, and some markets like Japan and US dey run similar pilots. Binance Thailand CEO Nirun Fuwattananukul welcome this move as important to attract digital savvy travellers and strengthen Thailand tourism brand. He talk say public and private partnership plus forward-looking regulation go key to make TouristDigiPay go nationwide. If e succeed, the sandbox fit set worldwide standard for put crypto payments inside national payment system and lock Thailand position as regional digital finance center.